DA Davidson Issues Positive Forecast for Avidbank (NASDAQ:AVBH) Stock Price

Avidbank (NASDAQ:AVBH - Get Free Report) had its price objective hoisted by investment analysts at DA Davidson from $31.50 to $33.00 in a report released on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. DA Davidson's price objective would suggest a potential upside of 9.67% from the stock's previous close.Separately, Weiss Ratings restated a "buy (b-)" rating on shares of Avidbank in a report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $32.00.View Our Latest Research Report on AVBHAvidbank Stock Up 3.4%Shares of NASDAQ AVBH traded up $0.99 during midday trading on Monday, hitting $30.09. The company had a trading volume of 61,129 shares, compared to its average volume of 64,028. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a 50-day simple moving average of $26.78. Avidbank has a twelve month low of $19.75 and a twelve month high of $30.31. The firm has a market cap of $329.49 million, a price-to-earnings ratio of -14.97 and a beta of 0.38. Avidbank (NASDAQ:AVBH - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.11). Avidbank had a positive return on equity of 10.42% and a negative net margin of 12.88%.The firm had revenue of $26.78 million for the quarter, compared to analysts' expectations of $25.70 million. Institutional Trading of AvidbankHedge funds have recently bought and sold shares of the company. Quarry LP acquired a new position in Avidbank in the 3rd quarter valued at $26,000. Citadel Advisors LLC purchased a new position in shares of Avidbank in the 3rd quarter worth $207,000. BetterWealth LLC acquired a new position in Avidbank in the third quarter valued at $216,000. Ghisallo Capital Management LLC acquired a new stake in Avidbank during the third quarter worth about $255,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of Avidbank in the 3rd quarter worth about $270,000. Institutional investors and hedge funds own 15.87% of the company's stock. About Avidbank (Get Free Report)Avidbank Holdings, Inc operates as a bank holding company for Avidbank that provides financial products and services to small and middle-market businesses, professionals, and individuals in the Santa Clara, San Mateo, and San Francisco counties. It offers business and personal deposit products, such as checking, money market, and savings accounts; and certificates of deposit. The company also provides personal lending products include secured and unsecured lines of credit, home equity lines of credit, remodel and new home construction loans, and term loans; corporate banking comprises working capital lines of credit, equipment loans, acquisition financing, shareholder buyouts, ESOP loans, and owner-occupied real estate loans; and commercial real estate lending, such as permanent loans and bridge financing products.Recommended StoriesFive stocks we like better than AvidbankThis stock gets a 94 out of 100~$1.5T SpaceX IPO: Pre-IPO OpportunityALERT: Drop these 5 stocks before the market opens tomorrow!Bombshell Exposé on China StrikesTrump’s Final Shocking Act Begins February 24This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Avidbank Right Now?Before you consider Avidbank, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Avidbank wasn't on the list.While Avidbank currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here